Quote on Gujarat Gas volumes number by Mr. Yash Gupta, Angel One Ltd
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Below is quote on Gujarat Gas volumes number by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Gujarat gas reported Q2FY22 volumes up by 15.8% at 11.41 mmscmd from 9.85 mmscmd in Q2FY21. Industrial sales volume up by 10.5% at 8.69 mmscmd and CNG volumes up by 53.1% at 1.96 mmscmd while domestic PNG continued at the same levels. Even during the current quarter volumes have improved further and reached the levels of 12 mmscmd.
We have seen a good pickup in volumes this quarter and we expect the same to continue in the upcoming quarter, Industrial sales volume showing good momentum and CNG volumes are also up by 53% as of the limited covid 19 restriction. We have a neutral outlook on Gujarat gas.
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